The 30-share BSE Sensex declined 11.75 points to 28323.41 and the 50-share NSE Nifty rose 1.75 points to 8770.05 but the broader markets continued to outperform on positive breadth.

Infosys shares fell around 1 percent after sources told CNBC-TV18 that founders NR Narayana Murthy, Kris Gopalakrishnan, and Nandan Nilekani among others are learnt to have raised concerns over the governance of the company.

Titan Company shares surged nearly 8 percent on the back of healthy growth in third quarter despite demonetisation. CLSA has upgraded the stock to buy from underperform and also increased target price to Rs 500 from Rs 372 after raising EPS forecasts by 9-24 percent.